At Contact Asset Management, we are always striving to act within a framework of staying curious, to ensure we evolve as Fund Managers.
In staying curious, over 10 days we travelled throughout the United States to seek answers to three key questions on our minds:
(1) How is the US Economy performing?
(2) How are companies within our portfolio potentially performing?
(3) In attending our 7th Annual Berkshire Annual General Meeting (“AGM”), what could we learn that will continue to improve our investment process?
The United States is the world’s largest economy by Gross Domestic Product (GDP), with market consensus Earnings per Share (EPS) growth for 2019 of 11%.
This growth rate is the highest in the industrialized world. The USA is becoming increasingly important to our portfolio returns.
The BKI portfolio has 23 companies (or 49% of the total portfolio) with revenue exposure to the USA.